Paisa Petrol Price Cut Fuels Memes, Jokes And Anger On Twitter

Employees at a petrol Pump in Kolkata on Saturday as the fuel prices remain at record high level

Over the last two weeks, the price of petrol was increased by Rs 3.8 per litre and diesel by Rs 3.38.

Potato farmers in Uttar Pradesh's Moradabad are incurring losses as they are not able to sell off their produce due to hike in petrol and diesel rates which is leading to increase in transportation prices. In Delhi, VAT on petrol is Rs 15.84 and Rs 9.68 a litre on diesel.

Petrol rates had yesterday touched an all-time high of ₹78.43 per litre, according to a price revision notification of state-owned oil firms.

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After claiming that it was reducing the fuel prices by 59 paise in metro cities, the Indian Oil Corporation (IOC) cut the prices only by one paisa. The marginal 1 paisa cut fuelled anger on social media.

Petrol and diesel prices in India are linked to Singapore gasoline prices GL95-SIN and Arab Gulf diesel prices GO-AG, which mostly track movements in crude oil prices LCOc1. "It's been five days now, but nobody has come to buy potatoes", said a concerned potato farmer. "Once petrol and diesel are brought under the ambit of GST, its threshold will change, because right now, taxes upon taxes are levied which increases rates".

As a part of the online campaign, titled "Tweet Morcha", the opposition would mobilise people to post tweets to Prime Minister Narendra Modi and Chief Minister Devendra Fadnavis over the issue and suggest ways to reduce the fuel prices, Mumbai Congress chief Sanjay Nirupam told PTI today.

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